Hospital chain CommonSpirit has revised its assessment of the financial impact caused by a ransomware incident that occurred last autumn and disrupted patient services at some of its facilities for an extended period. The estimated cost of the incident is now believed to be around $160 million, an increase of $10 million from the previous estimate released in February.

Experian is preparing to introduce a specialized edition of its fraud prevention data network, Hunter, in the United States, with several prominent companies committing to participate.

Hunter functions as a cooperative data network that grants participants visibility into borrower activities within the fintech sector to identify potential fraud risks. Through secure linkage across the network, participants share real-time information regarding fraudulent activities by contributing their own data.

When fintech companies establish new customer relationships or verify existing ones, they can cross-check against the network and receive alerts about suspicious information that matches observed fraud events.

According to Experian, Hunter is already utilized by over 450 organizations in 24 different countries, spanning various industries. The platform allegedly saves clients more than $6.5 billion annually.

Prior to its launch, the US version of Hunter aimed at the fintech sector has secured the participation of nine undisclosed firms.

Robert Boxberger, President of Experian Decision Analytics in North America, states, "By embracing a collaborative approach, fintech companies can leverage this additional data to make well-informed decisions that facilitate intelligent portfolio growth, enhance the customer experience, and mitigate substantial fraud losses."

NextGen Healthcare, a company based in the United States that specializes in electronic health record software, has acknowledged a security breach in which hackers infiltrated its systems and unlawfully obtained personal data belonging to over 1 million patients.

A new phishing malware strain that mimics legitimate apps to steal user credentials and banking data has emerged in Eastern Asia.

The FS-ISAC has organized a cyber defense exercise called Locked Shields, in which almost 30 financial firms, including Barclays, CME Group, and Mastercard, will participate. The exercise will span multiple days and involve a series of intricate and interconnected cyber attacks on a fictional country, targeting its military, government, critical infrastructure, and financial services.

The Wisconsin court system's computer network was recently targeted by hackers, according to court officials who made a statement on Thursday.

Luxury sports car manufacturer, Ferrari, has confirmed that it recently suffered a data breach resulting in a threat actor contacting the company with a ransom demand related to certain client contact details. The company claims that no ransomware was deployed on its systems and that the operational functions of the company have not been impacted.